Global TradFi & Macroeconomics

According to MP Doctor and Korea Depository, SK Hynix shares on the home market traded at 1.84 million won on September 22, while American Depositary Receipts (ADRs) closed at 188.86 dollars (approximately 2.558 million won at 1,358.2 won per dollar), creating a 39% price gap. The ADR premium over d

According to Korea Exchange, Korean retail investors net purchased 129.6 billion Korean won worth of KODEX 200 Inverse Futures 2X between September 16-23, the largest net inflow among domestic ETFs during the period. On September 23 alone, the day before the Chuseok holiday break, retail investors a

ETFs and corporate treasuries are purchasing Bitcoin simultaneously for the first time this year, according to a report from Bitfinex. Both sectors are back in profit, marking renewed institutional engagement in the cryptocurrency. The dual buying activity represents a notable shift in institutional

According to South Korean securities firms, major brokers including Shinhan Investment Securities, Mirae Asset Securities, and IM Securities maintained 24-hour overseas stock trading desks during the Chuseok holidays (Sept. 23-25), continuing support for U.S., Chinese, Hong Kong, Japanese,

Cathie Wood, founder and CEO of ARK Invest, shared analysis suggesting long-term GDP growth could exceed the 7-8% annual rate projected by ARK Invest over the next five years. Wood communicated this assessment in a tweet. ARK Invest focuses on disruptive innovation and technology, and Wood's

The Trump administration is preparing a plan to ban diesel exports for 90 days, according to a Politico report citing five sources on the 23rd (US Eastern Time), while Iranian President Masoud Pezeshkian declared at the UN General Assembly that Iran will not yield to Trump's threats. The reported di

According to DigiTimes, Taiwan Semiconductor Manufacturing Company (TSMC) will raise wafer foundry prices by 3% to 6% effective January 2027, with advanced process nodes such as 2-nanometer and 3-nanometer seeing steeper increases. Supply chain sources disclosed that pricing adjustments will vary by

According to Politico on Sept 23, the Trump administration is preparing to ban diesel exports for 90 days to lower energy prices ahead of midterm elections, citing five sources. WTI crude for November delivery rose $1.64 (1.81%) to $92.16 per barrel, while Brent crude climbed $3.83 (3.86%) to $103.0

Kevin Hassett, a senior White House official, criticized Federal Reserve officials not appointed by the Trump administration who are advocating for further interest rate hikes. The criticism highlights tensions over monetary policy direction as the Fed recently increased its benchmark federal

ETF market analyst Eric Balchunas has identified a significant shift in asset allocation, with fixed income assets now representing only 16% of total ETF assets, a decline from 23% in 2020. The change reflects growing investor preference for equities, which currently dominate at 80% of ETF

Kevin Hassett, a senior White House official, recently criticized Federal Reserve officials who are not Trump administration appointees over the Fed's decision to raise interest rates. The Federal Reserve increased its benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4.0

According to Eric Balchunas, fixed income assets now account for only 16% of total ETF assets, down from 23% in 2020, reflecting a significant shift in investor allocation preferences. Equities have surged to dominate at 80% of ETF portfolios, while the traditional 60/40 investment model is

Meta faces a significant challenge as Amazon blocks the company's Muse AI personal agent from making purchases on its e-commerce platform, citing terms of service violations. Meta stock has jumped more than 20% in the two weeks since Muse's introduction, with the app reaching the top of

Gold futures declined as US Treasury yields surged on the 23rd, with December delivery gold futures (GCZ6) falling $55.40 (1.27%) to $4,321.00 per troy ounce at 2:17 PM Eastern Time on the Chicago Mercantile Exchange's COMEX. The decline followed a sharp rise in Treasury yields, with 10-year yields

According to Yonhapinfomax, on September 23 afternoon (EDT), gold futures for December delivery on COMEX declined to $4,321 per troy ounce, down $55.40 (1.27%) from the previous close. U.S. Treasury yields surged sharply: the 10-year yield reached 5.125%, and the 30-year yield hit 5.408%, both

According to Moody's, five major U.S. technology companies—Amazon, Microsoft, Alphabet, Meta Platforms, and Oracle—have combined off-balance sheet obligations totaling $2.8 trillion as of this week, driven by artificial intelligence infrastructure investments. These commitments include leases,

Offshore Chinese yuan (CNH) fell to 6.7115 against the US dollar on Wednesday, September 23 (Thursday 04:59 Beijing time), down 127 basis points from Tuesday's close. Intraday trading ranged between 6.6955 and 6.7142 yuan per dollar, with the pair hitting a low of 6.6912 on September 21.

On Wednesday, Sept. 23, spot gold fell 1.71% to close at $4,286.30 per troy ounce in New York afternoon trading, after peaking at $4,369.45 during the Asian session before entering a narrow range at lower levels. Spot silver dropped 3.95% to $64.43 per ounce, while COMEX copper futures fell 0.73% to

According to Ghana's central bank, the country's total international reserves fell to $11.1 billion last month, marking the lowest level since August 2025 when reserves stood at $10.9 billion, according to Bloomberg-compiled

On Wednesday September 23, U.S. equity and commodity ETFs retreated broadly, with Emerging Markets ETF sliding 2.01%, Russell 2000 Index ETF declining 1.84%, and Gold ETF falling 1.8%. Broader equity indices also weakened, including Nasdaq 100 ETF down 0.84%, S&P 500 ETF off 0.72%, and Dow ETF